TITLE

Campaign spending regulation in a model of redistributive politics

AUTHOR(S)
Sahuguet, Nicolas; Persico, Nicola
PUB. DATE
May 2006
SOURCE
Economic Theory;May2006, Vol. 28 Issue 1, p95
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
We consider a model in which parties that differ in perceived valence choose how to allocate electoral promises (money, pork-barrel projects) among voters. The party perceived to be less valent has a greater incentive to “sell out” to a favored minority and completely expropriate a fraction of the electorate. By reducing the difference in perceived valence, campaign-finance regulations may reduce the extent of the expropriation and achieve a more equitable political outcome. We analyze various instruments of campaign-finance regulation from this perspective.
ACCESSION #
17551659

 

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